Suraj Estate Developers Limited, a leading real estate developer, has announced the resignation of Dr. Mohit Ramsinghani, its Chief Business and Strategy Officer, effective from the closure of business hours on January 9, 2025.

In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has disclosed this development to the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

Reason for Resignation

Dr. Ramsinghani cited personal reasons as the cause of his resignation in his letter dated January 9, 2025. He confirmed that there are no material reasons for his resignation beyond those stated.

This resignation marks the end of Dr. Ramsinghani's tenure as a key member of the senior managerial team, where he played an instrumental role in shaping the business strategy and growth initiatives of Suraj Estate Developers.

Disclosure Compliance

The company has ensured compliance with SEBI's circular (dated July 13, 2023), mandating detailed disclosure of such corporate developments.

Key details shared include:

• Reason for Change: Resignation due to personal reasons.
• Date of Resignation: Effective from January 9, 2025, after business hours.

Impact and Next Steps

While the resignation of a senior executive like Dr. Ramsinghani might lead to short-term transitional challenges, Suraj Estate Developers remains committed to ensuring seamless continuity in strategic planning.

The company, known for its commitment to transparency and governance, will likely appoint a successor soon to continue driving its growth agenda.

Corporate Transparency and Stakeholder Communication

The official communication to NSE and BSE underscores Suraj Estate Developers' adherence to SEBI's governance and disclosure norms. Such transparency ensures that shareholders and stakeholders remain well-informed about critical changes in the organization.

About Suraj Estate Developers Limited
Suraj Estate Developers is a trusted name in the real estate sector, recognized for its innovative projects and robust governance standards. This announcement reinforces its commitment to maintaining transparency in corporate practices and upholding its reputation among investors and stakeholders.

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